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32 Louden Street, Derby, Derbyshire DE23 8ES

Lot no: 4 Sold at Auction for £130,000
 

Guide Price £95,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Wednesday 13th February 2019

11.30am
Key Features
  • Freehold opportunity to acquire a substantial mixed commercial/residential property
  • Large former social club with three bedroomed flat above
  • Located just off Normanton Road and close to the city centre/Intu shopping centre
  • May well lend itself for a variety of uses (stpc)
  • EPC Rating: D
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Sold at Auction for £130,000

Mixed Use

Property Description:

Constructed of traditional brick beneath a pitched tiled roof the property was formerly used as a social club and has a large three bedroomed flat above and may well lend itself to a different variety of uses (stpc). The character accommodation in brief comprises an entrance hallway with a very generous sized seating/bar area (with separate access measuring 79’ in length), games rooms, two rear rooms, ladies and gents wc’s and storage rooms. To the first floor there is a living area comprising of a kitchen, utility room, spacious lounge with feature vaulted ceiling, bathroom, two bedrooms and a further bedroom located in the loft room.

Interestingly the property is located opposite the arboretum and enjoys a quiet yet convenient and established residential location.

The property is offered for sale with immediate vacant possession and will surely appeal to investors/developers.

Entrance Hall

Having entrance door to the front elevation, stairs to first floor, radiator, door leading to cellar, door leading to games room and door leading to the club area.

Seating/Bar Area 79’ x 26’2” max narrows to 21’1”

Having gas central heating radiators, seating area, bar area, access to ladies and gents wc’s and storage room and double doors giving access to rear rooms.

Rear Room One 18’3” x 22’1”

Having fire exit and door giving access to –

Rear Room Two 10’6” x 18’3”
Games Room 16’ x 16’11” max

Having bar area, seating area and gas central heating radiator.

First Floor Landing

Having stairs to the second floor.

Kitchen 12’5” x 12’3”
Utility Room 6’1” x 8’2”
Living Area 13’9” x 34’7” max
Bathroom
Bedroom 9’6” x 9’4”
Bedroom 9’ x 9’11”
Loft Bedroom
Tenure:

Freehold. Vacant possession upon completion.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.